Taxpayers who haven’t filed their 2013 income tax returns yet have a rare chance this year to get a last-minute deduction. Normally, Americans can claim deductions for charitable contributions made through Dec. 31, a deadline that typically spurs a flurry...

Higher tax rates mean more money for government — and for charity. To economists, the tax deduction for charitable contributions is equivalent to a government grant matching private donations that increases with income. So when the top tax rate increased...

“It’s nice to relax and wear what Ann and I wear around the house,” Republican Mitt Romney said at a white-tie dinner. “We’re down to the final months of the president’s term,” Romney said, with President Barack Obama, also in...

Updated with added details Mitt and Ann Romney paid $1,935,708 in taxes last year on $13,696,951 in mostly investment income, according to a report from their accountants released by the campaign today. The Romneys’ effective tax rate for 2011 was...